Equity Analysis /
Singapore

SG : Property Devt & Invt - Strong private home price showing in 1Q

    Munyee Lock
    Munyee Lock

    Head of Regional Property

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    CGS-CIMB
    1 April 2021
    Published byCGS-CIMB

    1Q21 flash estimate for private home prices was up 2.9% qoq. Continued strong uptick in prices could heighten risk of new cooling measures.. Reiterate sector Overweight on valuations. Preferred picks: CAPL, UOL, CIT.